Page 4 - Deepsekhar Choudhury

Online D2C brands grapple with moment of truth in the valuation game

Valuation demands of around 10x of revenue had become way too common despite the fact that consumer brands are fundamentally different from tech businesses.

Pine Labs raises $50 mn from Vitruvian, taking total to $920 mn in 8 months

Merchant commerce platform got $150 million from Alpha Wave Global in February and $20 million from SBI in January.

Group buying start-up Citymall raises $75 mn in Series C funding round

It is the company's third fundraise in 18 months, bringing the total capital raised to $110 million.

OSlash raises $5 mn in funding round valuing SaaS start-up at $50 mn

Company builds productivity tool enabling employees to access the right information in a fraction of a second.

Blockchain is completely useless for core banking: Bhavin Turakhia of Zeta

Serial entrepreneur dwells on banking software, blockchain and Zeta's technology roadmap in a conversation with Business Standard

VC exits in India start-ups up 10x to $14 billion in 2021: Bain & Co

Share of VC deal value in PE-VC space above 50% for the first time: Bain & Co

Twitter bets on cricket in India market with new features, content formats

Between January 2021 and January 2022, 4.4 million Indians on Twitter shared 96.2 million tweets about cricket

Tata Consumer Products announces recast of India and overseas businesses

To combine Tata Coffee's business into Tata Consumer Products and its wholly owned subsidiary through a composite scheme of demerger and merger

Anuj Mittal appointed as Paytm's VP-Investor Relations, will report to CFO

Anuj Mittal is expected to drive the paytm's corporate-investor relations, acting as a liaison between the management and investors

D2C start-up mCaffeine raises Rs 240 cr at a valuation of Rs 1,000 cr

Founded in 2016, mCaffeine had attracted a cumulative of Rs 60 crore through successive rounds of funding over the years

Tata Capital Healthcare Fund II receives commitments worth Rs 955 cr

This is a follow-up to the Tata Capital Healthcare Fund I, which had raised Rs 411 crore in 2012

Paytm no longer using short-term working capital facilities from banks

After Q3FY22 earnings, the company had said that it is well-funded with net cash, cash equivalent and investable balance of Rs 10,215 crore

NCLT begins insolvency proceedings against realty firm Supertech

Union Bank claims unpaid dues of Rs 492 crore

Why the mega acquisition of Blinkit may give Zomato digestion problems

Market sentiment, inadequate data and unsustainable unit economics are stacked against the acquisition plan and 10-minute food delivery.

Food robotics company Mukunda raises $8 mn in round led by Zomato

Zomato's investment in Mukunda has come amid the food delivery's announcement to launch a 10-minute delivery service

Zomato in a spot as 10-minute delivery plan faces ire from all quarters

Restaurants are, at the moment, averse to the 10-minute delivery plan

CommerceIQ enters unicorn club with $115 mn fundraise in Series D round

Company employs over 150 people out of its Bengaluru office, and is expected to nearly double the headcount by the end of the year

Zomato to test food delivery within 10 minutes in Gurugram next month

To pilot service in Gurugram next month

Crypto industry miffed by govt's position on barring tax deductions

Losses from one kind of VDA like cryptos and NFTs can't be set off against gains from another. Infra cost in mining such assets won't be allowed to be used for availing any deductions

Leverage Edu raises $22 mn in Series B funding at $120 mn valuation

Prominent individual investors like Morgan Stanley MD Hemant Gupta, CRED founder Kunal Shah, BookMyShow founder Ashish Hemrajani joined the funding round